Black-owned whiskey brand Uncle Nearest has been hit with a $100 million lawsuit for allegedly not paying back its loans, as stated by court documents. Nearest Green Distillery, which sells Uncle Nearest premium whiskey across the US, has been accused of breaching loan agreements with its lender, according to a suit obtained by WSMV. The lawsuit has been filed by Louisville-based Farm Credit Mid-America, which accuses the company’s founders, Fawn Weaver and her husband, Keith Weaver, of breach of contract, stating that they defaulted on multiple loans, totaling $108 million, including interest. It also alleges
In 2024, Black-owned businesses faced significant challenges, from rising costs and gentrification to limited access to funding. Amid these obstacles, communities around the world rallied to provide crucial support. Through flash mobs, crowdfunding, and organized shopping events, they helped Black-owned businesses weather financial hardships and highlighted the power of collective action. Here are four examples of communities stepping up to make a difference. The Sistah Shop – Atlanta Facing potential closure due to financial difficulties, The Sistah Shop, a retail space showcasing over 100 Black women-owned brands, received a lifeline from
August is National Black Business Month, a time to honor and support the economic contributions of Black entrepreneurs. As we acknowledge the role these businesses play we have highlighted platforms that make it easier for consumers to discover and support Black-owned businesses. Here are some of the top Black business marketplaces and directories you should know about. WeBuyBlack WeBuyBlack is the largest online marketplace for Black-owned businesses, offering a wide range of products from clothing to home essentials. Founded by Sharif Rasheed, this platform is often referred to as the
